Shares of U.S. Bancorp ( USB) closed at $30.34 Tuesday, returning 13% year-to-date, following a 2% return during 2011. Based on a quarterly payout of 19.5 cents, the shares have a dividend yield of 2.57%.
The New York Times is buying Wirecutter for $30 million, while U.S. banks roll out Zelle, a money-transfer platform.
Monetary policy headwinds, legal issues and scandals have put the banking sector on edge this year.
Return on tangible equity is a key profitability measure for U.S. banks, and Citigroup is nowhere close to meeting the 10% threshold that CLSA analyst Mike Mayo says investors demand.